Goldman Sachs upgraded Procter & Gamble (NYSE: PG) to Buy and sees 25% upside to their $75 price target, saying the stage is set for a return to double-digit EPS growth in 2011.

"P&G has been in investment mode for 2 years, raising its ad budget, lowering price points and building EM presence. EPS and shares have been flat as a result, but we see inflection point in 2011 as P&G gets a return on its investments," the continued.

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